23 August 2024
We are pleased to announce that we advised Trademarc Property Fund on the sale of a 37,590 sqm Built-to-Suit (BTS) warehouse located in Teresin, west of Warsaw. The buyer and the transaction amount have not been disclosed.
The entire property is leased out to a distributor of globally recognised FMCG brands, small domestic appliances, and HoReCa products. Completed in cooperation with Panattoni, the building was tailored to the tenant’s needs. The tenant also co-invested in the warehouse by furnishing it with an automated sorting system and contributing towards roof enhancement for a PV installation.
Trademarc Property Fund is a logistics platform co-owned and managed by Griffin Capital Partners. Its portfolio comprises three projects situated in key locations providing access to the Warsaw agglomeration, including the airport. The portfolio’s total leasable area amounts to approximately 184,000 sqm, 126,000 sqm of which constitutes active projects and the remaining 58,000 sqm is an area with development potential.
Legal advice on the transaction was provided by Piotr Fedorowicz (partner and the head of the real estate practice) and Karolina Bąkowska (counsel).
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